The stock of Delta Air Lines Inc. (NYSE:DAL) increased by $0.06 on Monday to finish at $44.23, up 0.14 percent. The last five days have seen an average of 6,148,700 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $11.37. The average number of shares traded over the last 20 days was 8,157,330, while the average volume over the last 50 days totaled 11,291,850.
DAL stock dropped -4.86% since last month. On 08/14/23, the company’s shares reached a one-month low of $43.70. The stock touched a high of $49.81 on 07/13/23, after rallying from a low of $27.20 in 52 weeks. The price of DAL stock has risen by 34.60% or $11.37 this year, reaching a new high 23 times. Still, the stock price is down -11.20% from the 52-week high.
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Insider Transactions
DAL stock investors should be aware that Delta Air Lines Inc. (DAL) stock had its last reported insider trading activity 6 days ago on Aug 09. On Aug 09, EVP – Global Sales & Distrib Sear Steven M sold 12,129 shares at $45.52 each. This transaction resulted in the insider making $552,112. On Aug 07, Carter Peter W sold 17,944 shares at a price of US$45.00. After the transaction, the insider now owns 166,192 shares. EVP – External Affairs Carter Peter W had earlier sold 7,056 shares on Aug 02 for $45.00 a share. The transaction was completed for $317,520.
Valuation Metrics
Delta Air Lines Inc. (DAL) has a trailing price-to-earnings (P/E) ratio of 9.50. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 3.49, and the price-to-cash flow ratio of 35.86.
Company paid $0.10 per share in dividends, a decrease of -75.16% from $0.4025 last year. A $0.3025 dividend decrease was reported on Thursday June 15 2023.
Financial Health
For the three months ended June 29, Delta Air Lines Inc.’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.24, and the total debt to equity ratio is 2.49. As far as profitability goes, gross margin for the trailing twelve months is 48.00% percent. Delta Air Lines Inc.’s EBITDA margin for the year ended June 29 was 11.16%, whereas its operating margin stood at 9.10% for the same period. Based on annual data, it had gross profit of $17.17 billion and revenue of $50.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DAL’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 10.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 46.80%.
Earnings Surprise
According to Delta Air Lines Inc.’s quarterly financial report for the quarter that ended June 29, it had $18.14 billion in total debt versus $3.37 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.58 billion, while revenues rose by 11.26% to $12.76 billion. It was predicted that Delta Air Lines Inc.’s quarterly earnings would be $2.68, but it ended up being $2.4, beating the consensus by 11.70%. EBITDA was $2.49 billion for the quarter. At the end of Delta Air Lines Inc.’s most recent quarter ended June 29, its liabilities totaled 65.4 billion, while its total debt was $28.65 billion. Equity owned by shareholders amounts to $643.42 million.
Technical Picture
Here’s a quick look at Delta Air Lines Inc.’s (DAL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 36.08%, suggesting the stock is Neutral, with a 18.65% historical volatility rate.
The stochastic %K and %D were 14.16% and 18.03% respectively, while the average true range (ATR) was 1.03. Based on the 14-day stochastic reading of 17.21%, the RSI (14) reading is 42.19%. On the 9-day MACD Oscillator, the stock is at -0.35, and the 14-day reading is at -0.76.
Analyst Ratings
In its most recent analyst report, Evercore ISI raised its rating on Delta Air Lines Inc. (NYSE: DAL) to an Outperform. Prior to this, analysts firm rated the stock as an In-line. Analysts have assigned Delta Air Lines Inc. (DAL) an Buy rating. DAL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 18 others recommend it as a buy.
What is DAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $53.00 and $77.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for Delta Air Lines Inc. (DAL) is $61.33.
